Oregon Statutes 265.160 – Interest on unpaid warrants
Current as of: 2023 | Check for updates
|
Other versions
All warrants for payment of any indebtedness of the cemetery maintenance district which are unpaid for want of funds shall bear interest at a rate to be fixed by the board of directors, but in no event to exceed six percent per annum from the date of indorsement ‘not paid for want of funds.’ The aggregate amount of warrants issued shall not exceed the revenue to be received for the year in which the indebtedness is incurred.
Terms Used In Oregon Statutes 265.160
- district: means a cemetery maintenance district organized under this chapter. See Oregon Statutes 265.005
[Repealed by 1971 c.727 § 203]